Educatıon Policy of Audit Firms in Turkey

Abstract

Enhanced transparency of audit firms provides information regarding audit firms corporate governance and quality control applications. Moreover, transparency improves audit quality. Focusing on education of partners and staff may also contribute to a culture that promotes audit quality. This paper investigates whether continuing education part of transparency reports are in accordance with the Independent Audit By-Law and whether there is a difference on transparency in 2014, 2016 and 2017. In the study, 2017 transparency reports of 88 audit firms are examined and content analysis is conducted. According to the results of the study it can be concluded that there is no significance increase in the transparency level of companies regarding their education policy since 2014. It is higly recommended that all audit firms should consider disclosing Continuing Professional Education (CPE) hours of each auditors in their transparency reports in the future.

Keywords: Transparency report, audit firms, continuous education, Turkey

DOI: 10.7176/EJBM/11-11-13

Publication date: April 30^th 2019